Hello friends,
Part A
A 5-year-old child can draw several straight lines. I can.
A 10-year-old can read other ideas and tell you about resistance and support. I can.
So what's the difference between us?
Just : Implicit and explicit statements! . He is full of doubts, but I am not. I'm not telling you a conditional statement, if A then B ( Bearish or Bullish ). I say it explicitly: "Bearish"
Part B
Trend retracement or reversal?
Retracement and reversal can be "extremely detrimental" when they are interpreted incorrectly.
I think what you have encountered is a retracement.
See attached Idea, Follow updates.
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Daily MFI is extremely high
